Ch 3-1: International Business Basics

Ch 3-1: International Business Basics

Multiple Choice

True or False? Exporting is selling goods and services to other countries.

• True

• False

Multiple Choice

Which of the following can be best described as bringing items from other countries into a country?

• Exchange Rate

• Exports

• Imports

• Supply and Demand

Multiple Choice

______________ is the difference between a country’s total exports and total imports.

• Balance of Scales

• Balance of Payments

• Balance of Beams

• Balance of Trade

Multiple Select

Which of the following is NOT a factor that affects the value of a country's currency?

• Balance of payments

• Economic conditions

• Comparative advantage

• Political stability